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Posted on April 6 at 5:37 p.m.
This is a complex issue that can't be summed up in one poorly written article.
The reason why the U.S. exports gasoline is because it imports more oil than it uses on a daily basis. Why does the U.S. import more oil than it needs? U.S. refineries have greater ability than those around the world to process 'heavy oil' which is has a consistency similar to honey. This unconventional oil remains in abundant supply throughout the world. The fact that an abundant amount of heavy oil is available makes the theory of Peak Oil a moot point. Unfortunately, producing this heavy oil is much more costly than conventional oil, which is the reason for current higher gasoline prices.
Also, we have not 'produced' more oil through conservation and efficiency than through increased production. The reason why oil demand has fallen is primarily due to the global recession and not to conservancy and efficiency. If you look at statistical models from previous economic downturns, you will see similar decreases. According to Richard Heinberg, increased efficiency actually has a reverse effect and increases consumption on the part of the consumer.
Lastly, President Obama cannot do anything to lower gasoline prices. Petroleum production used to be largely controlled by corporate interests (Big Oil), prior to the oil crisis of 1973. Nowadays, the majority of oil reserves (94%) are controlled by foreign nationalized companies run by governments that the U.S. isn't exactly good friends with, except for Saudi Arabia. That leaves no wiggle room for the U.S. to lower prices.
On Solutions for High Gas Prices
Posted on November 12 at 4:35 p.m.
Not sure if people are aware, but Alaska which produces nearly the same amount of oil as California gets about 50% of the profit per barrel of oil, leaving the corporations with about 30% profit, and the Feds with about 20%. This means that when the price of oil hovers around $100, the state of Alaska gets $50 per barrel. This is how every Alaska resident (including children) receives a check from the state every year averaging about $1000, not to mention the fact that the taxes pay into the Alaska Permanent Fund which currently has a surplus of 40 billion dollars. Yes, a surplus of 40 billion (9 zeros).
On Supes Chew on Oil Tax
Posted on October 28 at 5:27 p.m.
Good Guy Smith:
Improves the fiscal health of the school district,
Resigns with little fanfare and moves on to help another school district.
On Eric Smith's Surprise Resignation
Posted on October 28 at 5:18 p.m.
Lets not forget that officer Beutel is buddy-buddy with good ole officer Tudor. Seems like the rotten apples don't fall very far from the crooked tree at the SBPD.
On Kasi at the Stand
Posted on October 6 at 12:32 a.m.
Janet Wolf just lost my vote indefinitely.
On County Mulls Pot Shop Ban
Posted on September 19 at 1:52 p.m.
On Fight Sprawl, Not Density
Posted on September 18 at 1:24 p.m.
Sounds like the author is advocating for the creation of a Gestapo to deal with these individuals.
This author should be writing for the Newspress or one of the more conservative news publications in town. She definitely is not an ideal fit at the Indy.
On New Students
Posted on September 12 at 2:43 p.m.
As Steve Johnson said, we need to define an urban boundary, and limit high density to the urban core. Otherwise, they will continue to build sprawl.
On Saying No in Noleta
Posted on August 20 at 7:26 p.m.
This article is a sham. There is no evidence to back the claims made by the writer. Frown smile.
On Fiesta Cruisers Run Roughshod over Bluffs
Posted on August 16 at 9:38 p.m.
Nothing bizarre about this. Police have been killing people across the country by tazing them to death for years.
On Man Dies After Bizarre Incident at New Faulding Hotel
This 19 piece 1930s New Orleans orchestra and cabaret will ... Read More
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